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"Economically, it really helped our community," said Jamie Hoskins, operation shift manager at Fuyao America.

"Even though the West likes to think China is not innovative, they are innovative in a different way, much more market-driven, more application-driven," Walker said.

"Every trade negotiation entails hard bargains, but both sides have to make concessions that improve the well-being of the partner country compared to a no-deal outcome," Hufbauer said.

"Europe's strength lies in core technologies and its traditional vertical sectors such as automation, industrial robotics and other manufacturing, but the datasets on which they can work are greatly dwarfed by those available in China," said Gambardella, during the ongoing China International Big Data Industry Expo in Guiyang, Guizhou province.

"During the due diligence, we could tell that US is quite friendly to foreign direct investment as a mature economy. It's easy to communicate with local county, city, EDC (economic development corporation) and school districts. We are very happy with the local supporting staff, the transparency and efficiency, which make things a lot easier," Jiang said.